GoDaddy to buy Host Europe Group for $1.82 billion

The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering on April 1, 2015 in New York City.

U.S.-based website domain name provider GoDaddy said it would buy peer Host Europe Group for 1.69 billion euros ($1.82 billion), including debt, as it looks to expand beyond the initial set-up of websites.

GoDaddy said it would explore options for HEG's PlusServer managed hosting business, including a possible sale.

HEG is currently owned by European private equity firm Cinven, which acquired the business in August 2013.

Reuters had reported last month that GoDaddy was in exclusive talks to buy the company.